Gaza healthcare hero subjected to ‘severe torture’ in Israeli prison

The number of Indian high-net-worth individuals (HNWIs), those having assets more than $10 million, rose 6 per cent last year to 85,698, according to Knight Frank.

Global property consultant Knight Frank on Wednesday released its 'The Wealth Report 2025', which estimated the HNWI population in India at 85,698 in 2024, as against 80,686 in the preceding year.

The number is expected to rise to 93,753 by 2028, reflecting India's expanding wealth landscape, the consultant said.

The increasing trend of HNIW population highlights the country's strong long-term economic growth, increasing investment opportunities, and evolving luxury market, positioning India as a key player in global wealth creation.

India's billionaire population has also seen a strong year-on-year growth in 2024.

"India is now home to 191 billionaires, of which 26 joined the ranks in just the last year, which was pegged at just 7 in 2019," the consultant said.

The combined wealth of Indian billionaires is estimated at $950 billion, ranking the country third globally, behind the US ($5.7 trillion) and Mainland China ($1.34 trillion).

"India's growing wealth underscores its economic resilience and long-term growth potential. The country is witnessing an unprecedented rise in high-net-worth individuals, driven by entrepreneurial dynamism, global integration, and emerging industries," Shishir Baijal, Chairman & Managing Director, Knight Frank India, said.

This expansion is not just in scale but also in the evolving investment preferences of India's elite, who are diversifying across asset classes, from real estate to global equities, he added.

"In the decade ahead, India's influence in global wealth creation will only strengthen," Baijal said.

Mangaluru: Parents in coastal Karnataka are facing a significant financial burden as private schools across the region have implemented a sharp 20% or higher fee hike for the new academic year. This marks a drastic increase compared to the 6-15% annual hikes over the past four years. Schools justify the rise by citing increased teacher salaries and rising operational costs.

A parent from a CBSE school in Moodbidri reported that last year, his child's school fee was Rs 23,000, excluding transport and books. This year, it has jumped to Rs 29,000. "Fees for all classes in our school have been hiked by Rs 6,000," he shared.

Similarly, Jean D'Souza, whose two children study at an ICSE school in Mangaluru, said the school has increased fees by Rs 5,000 this year, from Rs 46,000 to Rs 51,000. Another parent from an ICSE school on the outskirts of the city reported a 20% hike and urged the government to intervene and regulate school fee increases.

Additional Costs Add to Parents’ Burden

Parents highlighted that beyond tuition fees, they also bear expenses for transport, uniforms, and books. Monthly transport fees range between Rs 1,500 and Rs 2,500, while book costs amount to Rs 5,000 to Rs 6,000 per child annually. However, some relief comes from schools allowing fee payments in installments. "Many schools permit two to four installments, which helps ease the financial strain for parents," said a school management representative.

Schools Defend the Fee Hike

A school principal explained the reasons behind the steep fee increase this year. "Most schools refrained from major fee hikes after the pandemic. However, teacher salary demands have increased, and with a shortage of trained educators, retaining them is difficult without annual pay raises," he said.

Other rising costs include electricity, water, building maintenance, government fees, and general operational expenses. School managements argue that these factors make the fee hike necessary to sustain quality education.

While parents express frustration over the rising costs, the debate over striking a balance between affordability and sustaining quality education continues. Many now call for government intervention to regulate private school fee structures, ensuring that education remains accessible to all families.

Mangaluru, Mar 15: Noted Tulu-Kannada scholar, folklorist, and former president of the Karnataka Tulu Sahitya Academy, Dr. Vamana Nandavara, passed away on Saturday at the age of 82 after a prolonged illness.

A distinguished literary figure, Dr. Nandavara made significant contributions to the study of Tulu folklore, poetry, and cultural history. He was a native of Nandavara village in Bantwal taluk and was the son of Babu Balepuni and Poovamma. He is survived by his wife, writer Chandrakala Nandavara, a son, and a daughter.

A Life Dedicated to Literature and Folklore

Throughout his illustrious career, Dr. Nandavara was honored with numerous prestigious awards, including the Kantavara Kannada Sangha Award, Tulu Sahitya Academy Honorary Award, Polali Sheenappa Hegde Award, Karnataka Nataka Academy Honorary Award, and the Bannanje Babu Amin Award.

His literary works encompassed multiple genres, including poetry, folklore studies, and critical essays. Some of his most celebrated publications include:

Taalamela – A Kannada poetry collection

Olepataki – A compilation of Tulu-Kannada riddles

Tuluvere Kusal-Kusel – A study of Tulu folklore

Singadana and Tulu Panikate – Analytical works on Tulu folk traditions

Koti-Chennaya: Folklore and Beyond – A study of Tulu history and mythology

Nambike – A critique of D.V. Gundappa’s literature

Tulu Sahitya Charitre and Tulu Janapadada Acharane – Scholarly explorations of Tulu literature and customs

Ajji Tankina Puli, Nettara Neera, and Inchitti Tulu Natakolu – Collections of folk narratives and plays

Dr. Nandavara also made remarkable contributions to children's literature, with notable works such as Koti-Chennaya, Beer (Tulu poetry collection), and story anthologies Kidigediya Keetale and Onji Kope Katikulu.

Recognitions and Awards

His deep-rooted research and literary contributions earned him several accolades. His book Tuluvere Kusal-Kusel won the Central Institute of Indian Languages Award, while Singadana Mattu Janapada Suttamutta was recognized by the Kannada and Culture Department. His work Koti Chennaya Janapadiya Adhyayana also received the Book Authority's Pustaka Sogasu award.

Dr. Vamana Nandavara's passing marks a significant loss to the fields of Tulu and Kannada literature. His legacy as a scholar, poet, and folklorist will continue to inspire generations to come.